FAQs

What Is a Quota?

A quota is a restriction on the quantity of goods of a specific kind that a country permits to be imported during a specified time before the imposition of added duties. A quota may also refer to a total restriction on a particular good entering a country. For example, Japan may allow the importation of 5,000 U.S. cars at a reduced or waived duty rate. Once car number 5,001 enters, either no more can enter or a significantly increased duty rate will apply.

REG FAQ #0034